The New York Herald Newspaper, January 15, 1866, Page 2

=e 2 FINANCIAL AND COMMERCIAL. Sunpay, Jan. 14, 186. Affairs in Wall street were very much unsettleé last grock, notwithstanding the extreme abundance of mmey, which caused a reduction of the rate for cail loans ® 5 a por cent. Gold, which opened at 1414 on Monday, wold down to 1373 on Tuesday, under the effect o' the Buropean news reporting an advance in the price of five- ‘twenties, and apprehensions respecting the bill presented Dy Mr. Morrill in the House of Representatives authoriz- Sng the Secretary of the Treasury to sell bonds here or ‘broad to an unlimited amount, The operators fora tall hammered the market vigorously, and as not a few of their numbor were also ‘‘short” of stocks, they had a double purpose to serve by depressing the stock market as well. Gold, however, reacted toj1303¢ on Wednesday, and, after relapsing (9 138 on Friday, closed at 189%¢ a 3¢ on Satur. day, under the influence of the advance of the Bank of England rate of discount to seven per cent, and a decline of about one per cent on the London Stock Exchange in five-twenties and other American securities, The stock market was in a ytate of semi-panic at intervals, and the ‘boars had it to a great extent under their own conirél. ‘But on Saturday the declining tendency of prices was checked, and thé railway lists became buoyant under the demand from the shorts to ‘cover’? their outstanding contracts. Not a few of these turned and went ‘long’? on the market, but the great majority of the bears have not yet covered, and nearly all the leading stocks are still largely oversold. The plethora of capital secking investment at this centre 1s increasing, ad on Saturday large amounts were offered at five per cent, On to-morrow and Tuesday about eight millions , anda batt of interest on seven-thirty notes tells due, and the balance im the Sub-Treasury has increased to $72,735,474 At the cloSe of business on Saturday the stook market ‘was firm, Michigan Southern and Clovelsad and Pitts- burg being the strongest of the railway stares. The fol- lowing were the quotations at half.past five o’clock:— Erie 9144, New York Central 94, Mighigan Southern 693¢ &® \, Cloveland and Pittsburg 77% @ 78, Reading 102% 103, Northwestern 32 a 3234, preferred 5834 a %. The dvliveries of Pittsburg and Mighigan Southern were very irregular, and 34 per cent yas paid for the loan of the latter till Monday. ‘ Lenders regard the cour of the stock market duting the past week, in view of fhe monetary facilities presented toXolders of stocké, ag ‘anomatous, and it is very clear thatin the absence of the disposition to speculate for a Tise, md in the face of a strong “bear” movement, Ru easy money market is of little avail in checking the dowawaré, course of prices, Probably three-fourths’ of the member of theBoard of Brokers were on the “bull’” side of the ynarkq@t when the year opened; but, being rather heavily loaded with stocks, these were unable to resist the attacks of the other fourth of their number. Some sold out at a loss when they saw their expecta- tious disappointgd, while others postponed making the sacrifice, tnd thon sold out at a heavier Joss. Many, lewever, still retain their stocks, knowing that\ by selling out. they would have Only aggravated \the decline, The arguments of the most radical-of \the bears are startling, predicting as thoy do a genkral commercial panic and collapse of values throughout te country. Thoy say it would bo for the good of\ the nation that’ th» mer- cantile community sould be bankrupted and\prices brought down to tho apte-war standard. They caro nothing for the prostrating effects of a great reeulsion and the embarragaments in w! inevitably involve the Treasury, the greater the pe tration the greater the gain being to. them. ‘These men, however, reflect to somie.extent fons of a considerable section of the coma Tabor under the mistsken idea that a fall of Dring about o regumption of specie _ pay: and that a contraction of the currency is the, suredt way of producing that decline. — tiy predicted when Lee gu 6 should return to specie paymonts ‘im @ gear, | \\), Perhaps they do go still, and will continae torevew their ‘prophecies annually for the next ten years, till thede- \ Tesult is actually agbleved. The bears on the Stock xchangeare making capital oat of tho fairs of. @vatraction which pervade the public mind; and as the brokers have the etook market almost cntirely to thom- golves, the striggle interest to them than the general public. A of customers’ margins and brokers’ capital on the “bull” side has been Swept away, and this can only be replaced by tame; but that time cannos be long deferred if prices again docline, for investors will step in to avail thomselvos of the profitable market created by tho fall. ‘Tho soundest of al) the arguments of the bears is that based upou the reduced earnings of the leading railways. ‘Phus we find that the earnings oF she Michigan Sou! Pond Th the toes Sone af tha pomsaah moath Jess than iu the corresponding weok last yoar; those of the Michigan Central $1,919; those of the Rock Inland $16,842, and those of the Chicago and Alton $11,369. The earnings for tho month of Decem- ber were also considerably below those of the same period im 1864, but they were also considerably in excess of the earnings in 1863, and are sufficient to insure th accumulation of @ considerable aunual surplus for dividends or improvements. This decline is owing partly to a diversion of traflle to the Mississippi river, and partly to the Joss of government freight and. traffic incidental to the war. Tho reduced earnings, although a legitimate cause for a decline, are used at present mainly to promote the speculative ends of those who will ignore the earnings altogethor whon they think it time to turn ‘on the ‘bull’ tack. Meanwhile, by depreciating market values thoy have transferred a large aggrogate of money from the pockets of the bulls to their own, Such is Wall street. Foreign exchange closed dull at 108% a 109 for bank- orn’ bills on England at sixty days. ‘The Finance ill previously referred to has created some discussion in Wall street, but less than its import- ance calls for. Not that we think the Secretary of the Treasury would abuse the power which the bill proposes confer upon bim, bat because it is wrong in principle for @ legwlative body to invest any one person with the power that properly belongs only to itself. The bill, if passed im ite criginal form, would be a virtual acknowledgment on the part of Con- gress that it is incompetent to legislate upon the finances, and that the incumbent of the ‘Treasury, whoever he may happen to be, is far better fitted for their managoment without let or hindrance, Under the authority of that bill it would be in the power of one mau to bankrupt the whole country, including the Troasury itself, But we understand that the House Committee of Ways and Means have already insisted on cortain modifications of the same, with which it ts to be presumed Mr, MeOulloch will assent. The kind of terrorism which the possession of such un- Hmited power would exercise over the people may be vuferred from the disturbance created in mone. tary affairs when the bill was introduced im Congress. ‘The powors of @ Secretary of the Treasury ought to be strictly defined in every act passed by Congress, other. wine Ure one and financial community are exposed to a bow of neediest alarms, and are liable to become More or los the proy of all those operators for a fall of Prices who eek to advance their interests by circulating false reports of the intended actions of the Secre tary of the Treasury, But, however unlimited might bo the power of tho latter, he could not, cons stont!y with the interests of the nation accomplish much more than the gradual funding of seven-thirty motes into bonds, To contract the legal tender issues materially for a long time to come would be to embarrass if not bankrupt the national banks, all of which are compelled by law to keep a reserve of from fiftecn to twenty Ove per cent of their liabilities in legal tender notes, the former being the reserve for country and the lator for city banks, Precipitate measures towards a contraction of the currency, we may rest assured, Will Mover assist us to resume specie payments, The government is the greatest debtor, and it is to its intorent to reliove iteelf of ite floating abilities, amount- ing to nearly twelve hundred millions, before it attempts Saything calculated to disturb the existing condition of monetary affairs. So long ae those floating securities, in- cluding seven-thirty notes, are outatanding, « resumption Of specie payments is as imposible as a resurrection of the dead at the bidding of the living. Whenever we an- Gorinks © short cut to specie paymonts we invite na- tional bankruptcy in the full sense of the term, and gold ‘Would rise to a higher premiu han it over did during tho war, thus defeating the object sought to be attaimed, Wt required only four years to accumulate a aational obt of nearly three thousand millions, but it will Prova. bly require ton yoare to restore the country to a hard Gadh baste, Great Britain di not resume apecte pay. monte tit! six years after the Napolsonic wars had termi ‘Rated in Waterioo, and then it was promature, andre. galted in immense disaster to the industrial portion of the community, The fundhelders wore, howorer, } clamorous for the return to hard money, because they knew it would improve the real value of consols, and that the interest upon the same would have a greater purchas- ing power when paid in gold than jm a depreciated paper currengy. But the eflect of a suddemreturn to specie pay- ments by anact of Parliament was shown inthe ava- lanche of commercial and bank failures which attended it amd the great distress among the working classes, and it ‘was not until after 1826 that England emerged from the suceession of shocks which the premature resumption inflicted upon her. In our case the attempt to resume specie payments within an equal length of time after the termination of the war would be }atill more prema- ture, for our currency jwas issued in a far larger volume than it was in Great Britain during the suspension from 1797 to 1821, and it underwent a far greater depreciation, the average premium on gold in England during this period of her history having been less than twenty-five per cent, and the highest range of the premium in any one year—namely, 1814—forty-one per cent, Wehave, therefore, a corre spondingly large extent of ground to retrace before we arrive at the metallic basis from which wo stared. What we most require now for the dnancial good of the country is some guarapie for tho stability of values which will i ‘@ confidence, aud as definite a programme for the future as Con- gress can devise. The necessities of the country domand the she people should know what course the govermment proposes, in order that they may govern their affairs accordingly. It is not to the interest of the merchants aud bankers and manufacturers of the coun. try that our markets should be characterized by spas- modic fluctuations, as they were last week, owing to doubts a3 to what Congress or the Secretary of the Trea- sury may do. A repetition or aggravation of such a state of things could hardly, fail to result in panics, which would prostrate the industry of the country and Jeave the Treasury coffers almost empty. hensions should be calmed by defiuite, not 1ndefinite, degislation, and untilthe nation has recovered from the Sweeping effects of the war no radical measures should be attempted. Such appre- ‘The panic of 1857 put this country back several years in the march of progress; but a panic of equal extent now would be far more disastrous and lingering in its results, The bears on the Stock Exchange and in the Gold Room may prophesy a commer cial collapse with flippant tongues, because it 1s their interest to do so. With the downfall ofthe wealth and prosperity of the country. the “bears”? would bocome the lions of society, flourishing in a jungle of ruin and heaping up riches like loam. It serves their purpose to say that railroads are almost worthless pro- peértes, justas it does when they turn on the ‘bull’ tack to declare that there is nothing to be compared to tailroad property in the whole country, and that stocks must rise and continue to rise. Many of those who tatked last week about the reduced earnings of roads and the competition of government securities and a general commercial panic, will change their tune this week and utter opposite argumeats, and cry ‘stocks up to the best of their ability. ‘The inference will simply be that they are guided ‘by the samo motive of self-interest, but that they have gone from ths “bear”? to the “bull” side of the market. Wall street talk is Proverbially unreliable, but, strange to say, it always has its influence. Contraction and resumption have become bugbears, to prove which it is only necessary to refer to a statement of the national debt, wherein it is shown, by the stern logic of figures, that the bands of Secretary of the Treasury are tied to the existing 7 ‘ion, and that for nearly three years to como at Joh he will bave no alternative but to drift w.th the To oppose it would ia any case oly be to delay pakts dther’ than dry ‘the week ending Senuaty 12,:was $1,009,930, The total imports of the ‘Peck compare ds foliows:— . + $2,507,754 Jan. “2 Jan, —S$ § ————— Total.....:-4--+.86,728,178: | $6,200ea8'” §3,671,861 ‘The shipments of épecie from ‘the port of New York last weok and dyring,ghe year ‘ua follows with the oxports for the same period in. — Fs q ing shares at the Grat session of the Stock Exchange at the close of each of the last four weeka:— Dee.23, Der. W. Jan. 6. Jan. 13. “Ld iss 331 a8 ri i FeugeGnessse ze 108193 at s 103" 104 — 105 ™ 13 13 & uy Ge sows aa” 1g 19h 306 1st 190 126: WSK 107, 1054, MH THK | O8ie % «oT (8 %% — ry Sa 17 7 7 96 6 -_ i 8 Pittsburg & BK tox lot eax cesburg 43, “us 4 Quicksilver Mining. 4 40 Reading RR... Ke 106% 106 = 101K Government securities were quoted om tach Saturday of the past four weeks as follows:— i Five-twenties of 1862. 103% 105% 106 Five-twenties of 1864.100% 102% ley ive. twenties of 1865.100% 102 1e2g 101% and 3-10ths, Ist sories 98% 8% 8% 7 aud 3-10ths, 24 series 98 8% «898 7 and 3-10ths, 34 series 98: wy = 98 One year certificates: 98: By 9 Fives of 1874 pa 7 2 Me Fives of 1871 00%; 100% 100 96% The receipts ef the Racine and Mississippi and North- ern Tilinois Railroads during the wook onding January 7 amounted to $10,016, being a decroase as compared with the earnings tor the same time last year of $577. A bill to authorize what is termed a Real Estate Crodit Company has been introduced in the Assembly of this State, The corporators named are Jno. F. Schepeler, Harmon Marcuse, Jos. Herzfeld, Aaron Frank, Gustavus Speyer, Aug. C. Brown, Oswald Ottendorfer, Philip Bis- singer, and Fred. Heine, The bill provides that the com- pany shall have power to issue, to thé amount of mort. gages owned by it, its own notes or bonds, with interest coupons ansexed, in amount not less than one hundred dollars; to bay its own or other bonds of the United States, 4c When loaning money the company may charge the legal rate allowed in any State where the pro. perty lies on which the money is loaned. No new banks have been created under the natioml stated st $2,832,055; previously, $240,004,665—total, $242,925,620. Thore are no additional depositories of public moneys designated by the Secretary of the the by law at the Fation of ono year from the date and until tbo ot tures any or Eira ts asseaacd on the additional daty of ten per centum i : iy z 3 i 3 fit ii fi from warehouse Fy iL phia, betwoen the Ponnsylvania Railroad and the Atlan- tic and Great Western Railway companies, is probably the most important of the kind that ever took place in this country, and is one that has a bearing beyond its etensibie merits. ‘The of the city of Philadel Phia are largely involved im the cause of the plaintiff in ‘the suit, while New York will be materially benefited in ‘& commercial point of view if the Atlantic and Great Western Company succeed, ag they undoubtedly will, in maintaining their claima, which are perfectly legitimate, and come squarely under the head of fair dealing and an honorable bargain. fhe Great Western Company pro- pose to Construct a broad gauge line from, thia city to the ‘Mississippi river, and to shorten the distance to tho West about one hundred miles, In order to do this they secured a number of lines and charters running through New Jersey and Pennsylvania, among which may be named the Morris and Essex road, extending from Hoboken, on the Hudson river, to near Easton, om he Delaware; the Catawissn road, which starts from the head of the Schuylkill valley, near Tamaqua, and runs westward to Milton, Pa., on the west branch of the Susquehanna river. From the western terminus of the Catawissa road the charter of the Lewisburg Centre and ‘Spruce Creek Company to Bellefonte will be used. From the latter point is the Snow Shoe Railway to Phillipsburg, and from Phillipsburg another route’ is secured to Clear- field, and still another thence to Franklin on the Alle- Ghany river, from where a connection can easily be obtained with the Atlantic and Great Western road, constructed, which will give, as before stated, an ont new route from the West to New York, indepen- dent of the Now York and Erie road om the one hand, and the Cauiden” and Amboy and Pennsylvania Central on the other.. The parties to the suit are the Philadet- phia and Erie and the Pennsylvania Railroad companies as complainants, and the Catawissa Railroad, the West- orn Central Railroad and the Atlaytic and Great Western Railroad companies as respondents. The case of the Plaintiffs is thua stated :— The bill fled by the complainant sets forth that the railroad authorized to be built by the Philadetphia and Erie Railroad Company has been leased by them to the Pennsylvania Railr ny, and the said road has been finished and put in public use from its terininus at Sunbury to Erie; that by the act of Assembly of 21st of March, 1831, there was created a c ion whose wers and privileges aro now invested in the Catawtssa ilroad Company, and in pursuaace thereof said com- pany bave in us? a railway commencing at Milton and terminating at its junction with the Little Schuylkill Railroad, near Tamaqua and cont ing at Milton with the railroad of the Philadelphia Railroad Com- pany, that while said roads were 80 ected the said hiladelphia and Erie Railroad Com; (then called the Sunbury and Erie Railroad Company) and tho said Cata- wissa Railroad Company, upon the 3: of October, cs my, 1800, entered into a contract, @d the Cata- wi Railroad Company has t that time enjoyed all the rights and privil thereby conferred ; that the Atlantic and Great Western*Railroad Company of Pennsylvania alleges itself to have become consolidated with certain corporations, established by the States of New York aud Ohio, and claim to be the Atlan- tic and Great Western Railway Company of the states of Now York, Pennsylvania and Ohio; that the said Atlan- tie and Great Western Railway Company have in use in pig Peg] arailroad extending through Erie, Craw- ford, Mercer and Warren counties, and connecting with the Erie Railway at Salamanca, in the State of New York, and extending by a continuous railway into the State of Ohio; that the Atlantic and Great Wostern Rail way being constructed of six feet gauge, docs not and cannot connect with the railroad of the Philadelphia and Erle Railroad, or with auy railroad connecting with the said Catawissa Railroad, which are of a four feet eight and one half inches gauge. Th Catawissa Railroad Company, ‘and with a view and delivered up 10 be camcelted. ‘The Bank of France altored ita rates of discount five times during the year 1885 as follows :— CITY COMMERCIAL REPURT. corn moal; 1,604 bush. wlioat ; 13,9670. cora, and 7,667 do, cata, The market for State and Westera flour was Amactive, and prices wore tending in buyer's favor, No decided chango, however, was noticoablo. The nates comprised 5,000 bbis. at our subjoined quotations. Southern flour was duli and dectiaing. The saios were 400 bbis, Canada flour was inactive and heavy. Tho gaies were Confined to about 200 bbts Rye flour con. tinued duti, Corn meal was negiooted. Price wore not materially altered. We quote. — Superiine and Western ilo 36 90 a $7 40 Extra Stain...... 7Wa 79 SWa 8B Tia 8 SWa 5 8 60 a 10 70a 990 10 00 a 15 00 8004 320 R35 a 1 2 Ryo flour (superfine) 52a 605 Corn meal, Jersey . 42a - Corn meal, Brandywine . 4000 475 Gorn Meal, Brandywine, puncheons 24 50a 24 90 —The wheat market continued dui! aad y, but prees were not quotably lower. We note sales of avout 10,000 bushels amber Milwaukee at $1 72a $1 73, the tatier rate for good new; also 1,000 bush. new amber State at $2 55. Cora wns dull but unebanged, Prices, if any- thing, were tending downward. The sates were about 30,000 bush. at S4c. a 66c. for unsound; 87¢, a 0c. for sound mixed Western. Rye waa in betier demand, with wales of $000 bnsh Western at 98¢., and 5,000 bush. Canada at $1 20. Malt was dull bat unchanged. Bar loy was quiet. We note sales of 6,000 bush. State at $1. ‘Correx.—We learned of no further cargo sales. A —~ Jobbing demaad prevailed, and prices were rm, Corrox.—The demand was principally from speculators and shippers. Prices were very steady at our annexed quotations, The sales wore to a very fair extent, com- | prising 6,500 bales. We quote. Upland, Florida. Mobile, N.O.€T. Ordinary. ......48 a “4 “ Middling........50 0 SL St Good Middling, ..5t oa 62 Faxants wore firmer. The engagements were:—To Liv- erpoo! 600 bales cotton 7-164., 7,000 bushels corn, 4'¢d., 400 barreis flour 2s. Per steamer, 14.000 busheis corn 5d., 1,200 bales cotton Fouasim — the market was quiet and sales were 48 bbls. new crop Lage med $1 sm a So? oe Porto Rico at mate he dull toda We of no sales. Perroveum was dull almost nominal. (part inst evening) were 4,600 dbis., at 34c. crude, and 56}¢¢c. a 573¢c. for refined in bond, ‘Te. for free, Proveiova —Recel, H ex 3 a if £3 a] - tH Hi FH ti 3 i iy H i | sis i By Hi ze 4 g ¥ : : 4 e: rs i FRANCE. The Relative Attitudes of the United States, France and Mexico. THE FRENCH PRESS ON THE SITUATION. Napoleon’s Intention to With- draw from Mexico. The Union of France and America Superior to the Objects of the A Precedont for Maximilian Claimed in Yturbide. he New Emperor an “Exotic Transplant.” © Interesting Chapter in the History of the Bonapartes. NAPOLEONIC STRICTURES ON THE PRESS MOVEMENTS OF GENERAL SCHOFIELD. Compliment to American Surgical Science. Selzures of Goods for the United States for Fale Trade Marks, ILLNESS OF JOHN MITCHEL, THE FASHIONS. &e. &. &e. Oar Paris Correspondence. Pants, Doc. 18, 1865. An American in this city of pleasure and gayety, if ho is observing, may Gud even in its ordinary events enough to keep him in a eonstant state of wonder. Not he who passes his evenings at the theatresand his days in the cafés and restaurants, as many of our countrymen do, but he who notices the romarkable phases of French life and its occupations, who even will read the obarac- teristic paragraphs which daily crowd. the Parisian Journals, bas more to say, if he will say it, than we are | led to suppose, or the readers of our sewspapers at home find ia the ordinary published correspondence ftem this ‘Thus, without the least difficulty, the most ample materials are constantly ou hand for very amusing and | instructive néwspaper gossip in Now York (which js al- ‘ways well repifesented abroad), and rarely loses the in- (terest it bas acquired in foreign teavel. © - Toelarge number of its travelied citizens, the Gon. toms of the leading Paris journals, properly digested, woutd be highly iuteresting, and to. most roaders would be positively useful. The aspect ia which we at bome view France is usually a political one, We see the Emperor and look chiefly at his foreign policy, wondering how tong he will be able to Koop his logs; we are intent upon his Mexican movemest to see how long ho will pull the wires; but fuf my part T am muct more intorosted in tho ‘ wyneral (ons and conduct of Fronch sac oy, its progross Present limitations aud tostrictious, | rowd City AAA spirit wii cease to dance in fetters, or submit to ewaliow tho most aarsoous pitis Lecanse thoy are gilded. All is, however, tranquil oa the suctaco, and boucath that itis not my prosont purpose to explore, but merely {0 notics such passing events as are truly French and Lely to attract an Amoricaa reader. ADMIRATION OF PREMTDRNT JOUNSON, Taking ap alate number of the fidependance, a paper Pabiidped in the French language ia Belginw, dud sume Curious oparions with regard to the Uuited States and is present relations with Fraace. It must bo remembored that Belgium is a kind of whispering gat- lory for Paris, aud what is very cautiosly aud secretly said there is not heard of repeated Lil it passes to the distant walls of Brussels, which aro resonant and utter back their voice distinctly. Thus in such papers as the Tedependance wo otten see things which are of Parisian origin, bat come to light only ata safe distance. In one of the latest letters from Paris, to the Belyian Reaucteur I find the following remarks oa Presideat Jolusea, who has cortainly taken Europe by surprise:—‘How greatly indeed have the opinions of out governmental spherss changed with regard to President Jobason! Estimates the most unfavorable bave been altered to tite most admiring auticipations. Indeed, he ts a great politician, whose wise and profound judgment in the mam ment of affuirs will leave its shining mark ia we annals of the United States" FRANOK TO WITHDRAW FROM MEKIOD, The same writer, in continuation of his subject, says that, without being too indisereet, he may ven ture to say that an intimation has been given the President that by such and sueh a time, to bo indicated, “France will withdraw its last soldier from Mexico.” He also adds tiat the last despatches reesived from Marshal Bazaine state the increasing hostility of the difersmt classes of Mexican soc ety to French occupation ; and, therefore, taking this and other circumstances together, the writer speaks of them as news, which wil! accelerate the return of the French troops from Mex to their own country. It is doubtful whother so decided an expression from so well informed an authority has yet made its way to the Ame rican public, FALANG OFF IN FRENCH COMMERCE WITH AMRRICA, It is to be observed that very great commercial activity prevails in France, and that, while under new aud fayor- able changes in treaties, its trade with most of the na. tions Is en augmentation, with the United States it has fallen off. The exchanges which, between the two coun- as In 1869, were of the value of five hundred and millions of francs, bad fallen in 1864 to ono hun- dred and fifty-three millions. The effect of the civil war was felt thi it France—in Paris as in Lyons, at Havre, Rheims and Bordeaux. There is a strongly ro- newed desire to have this American market again to the skili ana ustry of the clever workinen France; and here let me say that the American gov- 3 ornment, taking the favorable make bet- ter terms than ever, for you must know ail our trade and is under ‘mache Beigua, Roman, spans and Metican, ‘of them a long way below par, but no American, these Pe a Sack on pL yor tty {tn France fer American securitien ome notice NEW YORK HERALD, MONDAY, JANUARY 15, 1866. of window and door sills, made of india rubber, rising and falling as the doors and windows open aud shut, Lt has already obtained a price medal, Another topic just now is that of supplying ic» to the citizens on a large scale. A company has been reformed, with a capital of hail a million of doliars, to operate for thirty years, Ibis to take its material from the lakes in the woods of Boulogne and Vincennes, and also to manu- facture it, with various patented machines, It has even now an actual quantity in its st to five ion ki mes. It appears that the sale of ice in the city is on the increase every year, being about ten million kilogrammes annually, while the carajes feappee, or frozen water botties, reach to 550,000 a . Tt is caleulated that the company will easily twenty- great tings are expected h ices in all forms are well known to be luxuries of the first class. ; r i i i ict fl Ha ed iif be itt EEEE i é t & # [ ; i Bs ay 3 H & 2 i l g Fy : i fi f ; Our Paris Correspondence. Panis, Dec. 22, 1865. ‘Tho Parisian journals still qoptinue to ecatacise over ‘THK PRESIDENT'S MEQUAGE. ‘They and France are in the condition of people who have been awakened from au unpleasant dream, an awful nightmare, by the tinkling of bells’ and the soft strains of delicious music. Had you observed aa T have: the excitement which has prevailed during the past fow weeks among all classes of society relative to Mexican affairs, and in anticipation of what President Johuson would say about them, you would fully appreciate the force of this comparison. But it is not merely upon this. score that they arc pleased with the Message, They ate delighted at its clearness, frankness and simplicity, and from it they derive a new idea of the power and grandeur of the United States. I do not hesitate to say shat this Message of Prusideut Jobasoa has done more to en- lighten Europe relative to our country, and induce a Greater esteem and respect for it, than any State docu- ment ever published. THE APPROACHING WITHDRAWAL OF NAPOLEON FROM MEXICO. But what will they do now inthe matier which most nearly concerns them and you? Will they appreciate fuily and practically the magnanimity of the United States government, and by the force of public opinion require the Emperor to: withdraw from Mexico? I am inclined to believe that the Kmperor wii not require much forcing now, but that he isiquietly preparing the way for the abandonment of his enterprise. The United States gov- ernment has only to muintain an attitude at once firm and moderate, holding in reserve all its powers, yet doing nothing to wound tho amour propre of France; iu short, while protesting against, and if need be preventing by force, tae Emperor Napoleon from augmenting the French troops in Moxico, give him time and opportanity of withdrawing those be has there without loss of prestige. THE ME®AGE IN THE TUMLERIBA. Notwithstanding the fact that the French journals ex- press such great satisfaction at the calm, mild tone of the Message, itis said that another characteristic of it has not created a favorable impression relative to it in the very highest quarters, ft iscaimand mild, but it is at the samo timo Grm, and shows.a confidence in the power of the country, au ability to walt forthe time when wronga shall be righted, which wasecarcoly ex- ‘ected so soon after the disastrous war from witich we have emerged, While sayiug but little in words to |. France, it says much ‘by unplication and inferenos, aot you'may rest assured that evory line of it has been most Carefully acauned aud pondored upon at the Tuileries. In this Mexican matter the Naw Youu Herat bas, by @matoment which jt recently made, brought down upon it git (he iro of that-véteclous aud amiablejourdal, the Pay; It ia indeed excessively indignant at an article in ‘@ tate numbor of the Hunato, and {ts indignation runs in this wise :— * {HR HERALD AND TUE FRENCH OPPOSITION. Tho’ attacks directed taat year tm the body of the Corps. Legisiatif by somo of tho opposition members against the French oxpodition to Moxico will not be forgotten, We mizht wish, for tho houor of the French tribuno, that we had not heard those strange wi logics, hateful Oncuouragements of tin” bandhs of Cartas and tho robbers of Escobedo. boliaved it ic that a over #0 far luis mariooal fe curious beasts, and thea kill them ‘These culogies, these from Paris inform ux that the opposition in the Corps Logisiatl are to inake @ savage onsinuglit oa this rt of Lhe conduct of the guverument.” Are they who seut lo Now York these advices trom Paris’ th» saine whose ductrines Gud thoussnds of pat- terns in the trenches of Jaares at Puebla? Aro they (howe who last yoar made the Freuch rostrum resound with language which made them seem gueriiteros dis- guised as French deputies? What isthis mysterious un- derstanding between ‘the opposition’ and the Naw Youk Henatp, to make at Paris “a savage ouslaught" onthe French expedition, absolutely combatiag there the bandits why inaxsiere or mutilate our wounded sol- dhers? The opposit.on should protest agamst an impu- tation 89 Odious units te contrary is proven. We would rather Delieye that the New York Harauo has been boring a calumny agaiast a little group of French depu- ties. ‘The sossion wisi iniorm us, ry To which 1ast romark I simply take the Liberty of say- ing, in language perhaps mure expressive thaa classic, “T believe you, iay boy.’ TUK STUUENTS AND THX DRAPKAU ROUGE, There has been quise a liitie revolution in progress dur mg the past weck umong the studehts of the Quartor Latin. Som weeks since @ congress of students, aase bled for no purpose in particular. but everything in geae- ral, was held at Liege, in Belvium, at whieh five Parisian students of modicine and two of inw made asses of them- seives. 1 wished to put upon record, for instan: teow opi that “God was evil,’ and echoed Prow hun’s stale joke Uhat “property us robbery." They clared themselves “socialists aud atheists,” and said tiat they hoped “the next Congress would be held in the streets, under the red flag’’—which flag they recom- mended as the geueral oue for all Europe to unfurl. In fact, they talked in that rid.caldus manner in whieh only French students and Amorican long-haired ‘reformers’ alone can talk. (pou their return to Paris they were brought before the Academic Council, and forever ex- pelled trom the Paris Academy, The students genera took part with them, not ali from sympathy with ideas, but upon the ground tuat the oflence, if it wi one, having been committed out of French territory, council had no right to oxegeise jurisdiction in the mat ter, At the law aud medic lectures immediately [ol- Jowing the expulsion great disturbances took place, t! lecturers being {requeutly interrupted aud fluaily obi: to abandon the lecture, Several arrests were made; for two days the schools of law and medicine were elosed; = gow, by a decisivn of the Minister of Public Lastruc- ion, without bis unser po oped agen, by word or deed to have disturbed pul iM OF oUt Of school, are tobe brought be- fore the faculty and punished either by the lossof one or more inscriptions or expulsion, ‘on “ ——————— ress all information apon the subject, it ts ditfloult eg jos any which is relablo. It ts casy to observe, hot evor, that the precauuous Lave been increased withim a fow days past; that the streets are kept more scru- pulously clean, and that the chloride of lime is strewed More thickly im the gutters and about those ‘peculiar institutions” “of the Parisian streets, and boulevards which so shook foreign vis.tors. The death of the First Secretary of the English Lega- tiou, Hon. Mr. Gray, who died two days since, after an iiness of but thirty hours, has spread great consterna- tion among the English residents. Our Paris Correspon Panis, Dee. 29, 1868, . ‘THR LASE CANARD. The story about the sharp correspondence between the Marquis de Montholon and Mr. Seward relative to ac- crediting General Logan tothe Mexican republic, andthe statement that the former had sent his First Secretary of Legation toParis'to obtain fresh instructions, are pro- nounced in an authoritative manuer by La France to be utterly devoid of truth. must certainly be unfortunate just at present, when, ‘as E bave good reasoii for believing, the abandonment of the imperial scheme in Mexico is decided upon in pria- ' ciple by the Emperor Napoleon, that anything like @ , rupture or a misunderstanding should occur between i government and yours The journals here have evi- dently received their cue to ‘‘draw it mild,’ and but ltele reference is made to the belligerent resolutions recently offered in Congress, All classes of poople are hoping and Hopeful now that tue affair is in train for prompt and spoedy setslemont. AN AMERICAN AANITART MUSAUM IN PARI, Dr. ‘Thomas W. Evans, of Paris, a real live Amoritan, who, in addition to the, desire: to serve his native gountry, is placed tn a position which enables him to do so, and is possessed of abundant means, in the use of which he never stints humself when, aay patriotic object is to be attained, has inaugu- Tated, aud with the aid of the American people, to whom he appeals, will carry into practical operation a grand idea. “The Doctor, one of the most active members of * the European. Sanitary Committee, has always been tn- terested in sanitary affairs, and has dono much toen- Europe: upon the gradd results obtained by the Organization of the Americaa Sanitary Commission, by tho publication of several able and interesting works upon the subject. Dr. Evans now proposes the establish- mont of an American Sanitary Museum, to form a por- tion of the great Exhibitiou Lore of 1667. For this purpbso he is dosirous of gathering modete and specimens of all the appurtenances of the hospital, ambulance cars and wagons, all the different kinds of arilfcial limbs and bandages used—in fact, everything connected with, the .sanitary portion of. the: administra- tion of our army. ‘The Doctor will pufchase all of these which are not contributed, and bas already received the promiae ot alf the space he will require hero for their exhibition, They will, without doubt; form one -of the most {nteresting and valuable features of the great Exbi- bition. . At the close! of this ‘the Dootor intends either donating tho museum to the United States government, or establishing it ag a permaneut institution in some ome of the American cities, Dr. Evans possesses ‘the de- vermitistion, the means aud the will to carry all this into off-et, audi by the mail Of to-day he sends a Circular to the press aud to many in@viduals who can aid him ia the practical accomplishment of this grand project: All porsons dispongd to co-operate in’ the creation. of the ‘American Sauitary Museum can address Dr. Thomas W. Evans, 16 Rue de la Paix, Paris, or Abner L. Ely, No. 28 Pine atreet, New York. GRIZURZ OF MERCHANDIAR RN ROUTE TO THR UNITED 6TATER FOR FALAH TRADE MARKS, ‘T desire to call tHe attention of American merobants who import goods froys Rurope to a little fact of import anee to them, oud which may save thet some money. rivets recently seized and rot aie Siore, rhich weno settied, was not al the dianer, but came in in the course of the evening, dressed, however, tm citizen's clothing. Chat all the guests were in Cull uniform, the Prnce nade some remark abort boing out of place and left. It ia said to be all arranged yow, however, and that the Prince wilt take bis piace by the side of the Emperor at the usual diplomatic receptions on New Year's Day, and thas he witl shortly resume the Presidency of the Ludustral Exhibition Committoo, which he ftesigned after him Ajaccio speech, at the same time with bis Vice Prest- dency of the Irivy Couacit. [tis got unlikely thet thie rayprockement between the 1 cousins is ia due to the Emperor's “change art” upoa the Mex- jean question, the Princ*, as is well known, having ever aud b.Uerty opposed the entire scheme. TU WSC RICTIUNS ON THE CIRCULATION OF THR HERALD. Tn my last letter I hal occasion to congratulate you and myself upon the fact that fora few weeks past the Buthorities had pot seen fit to interfere as much as for- meriy with the cireuiaion of the New York Henase, permitting it te oume on freely without untying and aa- pasting all the packages as formerly, and Mlibustering Upon every copy which comained particular attack or strictures upon Freach policy . A dociston in regard to a foreign jou! lewd that the Heeato may even yet be ina “parlons state.” PROULBETION OF THE INDEPENDANCE BELEK. The Independance Belge, of Brossels, has been inbibited the French territory aut further orders; and this bas been done, it ts said, with the idea of placing (he crea. lation of tore gn journals upon the same footing as na- Live ones. A French journal altor recetying three warnings is suppressed, and it tx stated that the government im tends hereafter to consider a serzure of a journal a8 equivalent to a warning (oa native ove. Inde- pendance as been coustautly subject to seizure from time framemorial, and it is said that its inhibition shortly to be followed by that of the Burope, of Vrank- fort; the Gazette dela Crox, of Galogne, and the Auge burg Gazeit-, I THE HOLIDAY SeACON. Everything im Paris betokens the approach of New Year's. Tue greasy courtesy and obsequions politeness of concierges and waiters, Who have been graf and inat- tontive daring the w hote year have already bagun to exbi- bit themselves. Letters no longer linger th the /ogr of the but are brougiat promptly up ; and boots whic! during fifty-one weeks of the yeur, are di doubtial, shine during this one with ap unr briliancy, Ali this is with an eye to the which servants gow uo longer consider as matter of favor, but ome of right. It is no small tax either. A Fingle Man may grt off with from wranty to fifty francs, but a » if he wishes to.avoid the annoyances’ which will inevitebly follow if he fail, must suffer for from two to five huudredfranes im distribution about the preuaises, The shop windows aro deckod, and the great confort'aners, Iie Gouache, ter ane make a sp eodid display it thei windows, In those of the latter are oes ee walract o great deal of eltvation, snd watch sooms did BF fl FyEee Bz zs S| =. § ffi i a el He Bu Hie Hh